Shanghai XNG Holdings Forecasts Rising Losses

Shanghai XNG Holdings Limited (HK:3666) has released an update.

Shanghai XNG Holdings Limited anticipates a significant increase in losses for the first half of 2024, projecting a loss up to RMB30 million, a stark increase from the RMB3.4 million loss in the same period of 2023. The downturn is attributed to a substantial decrease in revenue and a fair value loss of financial liabilities. Shareholders and potential investors are advised to exercise caution when dealing with the company’s shares.

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